Budget 2023 Live: Edu Ministry gets ₹1.12 lakh crore, highest ever allocation
Education Budget 2023 Live Updates: Union Finance Minister Nirmala Sitharaman presented the union budget in Parliament today. See key announcements for Education and Careers sectors:
Education Budget 2023 Live Updates: Finance Minister Nirmala Sitharaman on February 1 presented the Union Budget 2023-24 in the parliament. As per budget documents, cetre's allocation for the Ministry of Education for the next financial year is ₹1,12,898.97 crore.
Notably, this is the highest allocation granted to the ministry ever.
School Education Department's outlay stands at ₹68,804.85 crore, while the Higher Education Department has been allocated ₹44,094.62 crore.
The Education Ministry was allocated 1,04,277.72 crore for the 2022-23 financial year in the expenditure budget. The revised estimates show the Higher Education Department got ₹40828.35. School Education Department got ₹59052.78 as per the revised estimates of 2022-23.
Education stakeholders have shared their views, expectations and pre-budget reactions. Follow all the latest updates here.
Follow all the updates here:
Feb 02, 2023 10:48 AM IST
British Council India Director on Budget 2023
Alison Barrett MBE, Director India, British Council, says, “The Union Budget 2023 focuses on education and skilling as key growth drivers for inclusive development; this is being addressed not only through the deployment of R&D and tech but crucially through teacher recruitment and training, and increased access to books and material to all corners of the country through the National Digital Library. Foundational literacy and access to education provided through skilled teachers has been highlighted as a priority in the NEP 2020, for India to effectively prepare its growing young population for the future. We are confident that these developments will accelerate the implementation of the NEP 2020, and we remain committed to partnering the government and education sector in India to enable young Indians.”
Feb 02, 2023 10:46 AM IST
Rajesh Bhatia, Founder and CEO, Treehouse Education & Accessories Ltd, says, "As an educationist, for me, the prioritisation of the ed-tech sector was of primary importance and I am glad, the budget advocates 'Make AI in India, make AI work for India' and re-envisions teachers training through innovative pedagogy. I am also glad that Centres of Excellence for AI will be initiated in top educational institutions and leading industry players will conduct interdisciplinary research. I hope cutting edge applications will also be developed for the education sector. It is also heartening that the budget is cognisant of the need to promote the culture of reading and the National Book Trust, the Children's Book Trust etc will be encouraged to offer books in regional languages and in English."
Feb 01, 2023 08:00 PM IST
Post Budget 2023: Know GSF Chairman's review
Atul Temurnikar, Chairman and Co-Founder, GSF:
"The Budget 2023–24 can be summed up in one sentence: more power to the people. As an educationist and entrepreneur, I see it as a focused attempt to put India on a superhighway of development with its youth in the drivers’ seat. The announcement of deeper investments in digital and physical infrastructure for the benefit of the student community comes as great news. I am especially thrilled about the upskilling opportunities for the youth with the announcement of 30 skills centres across the country. Another great initiative is the 100 labs for developing apps with 5G services, with a focus on needs like intelligent transport systems, smart classrooms, etc. Such incubators are the need of the hour. For schools, the decision to put more resources into teacher training comes as welcome news. It did not get as much attention as it deserved in the last budget, but I am glad that the Finance Minister has moved the focus to this aspect of education sooner rather than later. With this budget, the aspirations of the youth match the priorities of the government."
Feb 01, 2023 06:41 PM IST
Budget 2023: What Chairman of Jaipuria Group and FICCI Arise says
Shishir Jaipuria, Chairman, Seth Anandram Jaipuria Group of Educational Institutions, and Chairman of FICCI Arise quotes:
The Union Budget 2023-24 spells out progressive initiatives and reforms for the Indian education sector in many areas, including skill development, teacher training, future-readiness of learners, and greater accessibility of learning content.
The most outstanding feature of the budget is the announcement of the Pradhan Mantri Kaushal Vikas Yojana 4.0 which will be focused on skill development of youth in not just the conventional domains, but also new-age disciplines like Artificial Intelligence, robotics, the internet of things and 3D printing. The Yojana will be an excellent catalyst for bringing skill development on par with academic excellence in the Indian education system by setting up 30 Skill India International Centres. It will also help to bring 20 million out-of-school children back into mainstream education. At the same time, the proposal of setting up three centres of excellence for Artificial Intelligence in educational institutions is a welcome move towards creating human resources with competencies to leverage new technologies for innovations in different sectors. Additionally, the decision to extend stipend to 47 lakh youth under the National Apprenticeship Promotion Scheme through direct transfer benefit will help to boost employability and practical application of skills.
The Union Budget addresses the important issue of professional development and recruitment of teachers with the announcement of the District Institutes of Education and Training and the proposal to recruit over 38,800 teachers in Eklavya model residential schools.
The vision of the National Education Policy 2020 to make education equitable and inclusive will be furthered with the setting up of the National Digital Library for children and adolescents along with physical libraries at panchayats and wards, as recommended in the budget. This move shall make learning content accessible to millions of needy learners across the country.
All in all, this is a balanced budget which meets our expectation to strengthen the underpinnings of the Indian education sector for realizing the country’s demographic dividend and creating a knowledge-based economy.
Feb 01, 2023 06:25 PM IST
Post Budget Reaction 2023
Radhika Shrivastava, Executive Director, FIIB (Fortune institute of International Business)
The announcement to strengthen teacher training via innovative pedagogy, curriculum transaction, continuous professional development, integration of ICT, and much more is a commendable initiative by the honorable Finance Minister to enhance the delivery of education and the implementation of technology in India's education segment.
Also, the decision to transform the District Institutes of Education and Training (DIET) into vibrant institutes of excellence and establish a National Digital Library for children and adolescents will serve as a stepping stone for improving foundational literacy and numeracy among children.
Facilitating states to establish physical libraries at the panchayat levels and offer access to national digital library resources will further create a conducive learning environment and nurture communication and creative skills among students. Moreover, the decision to recruit 38,000 teachers and support staff for 740 Eklavya Model Residential Schools is a thoughtful decision to move towards the uniform quality of education across the country.
Overall, the Union Budget 2023 unveils some key actions to overcome the learning losses of the Covid-19 pandemic, fueling the digitization of education and driving uniform delivery of education in the country. These announcements are expected to fast-track the implementation of NEP 2020 and achieve its end objectives.
Feb 01, 2023 06:13 PM IST
Post Budget 2023 Reaction: Pro Vice Chancellor of IILM reviews
Budget Review by Prof Arvind Chaturvedi, Pro Vice Chancellor, IILM University, Gurugram
An 8% increase in allocation to education sector (over 2022-23) is not sufficient. Higher allocation was expected this year.
Educationists were expecting a larger increase to meet the NEP target of 6% of GDP. In that sense it is disappointing.
However, the focus of FM budget proposals has been on IT education and skill development, which is welcome.
The highlights which India should appreciate are:
Target of training 47 lakh youths in 3 years under PMKVY 4.0,national apprentice Scheme, on the job training in partnership with industry in coding /IOT/Drones/ Mechatronics/AI is indeed welcome as it will create a huge technically qualified manpower and India will be an IT super power. 5G centres in 100 engineering colleges is appreciated.
Opening of libraries, both digital and physical, in rural areas will go a long way in increasing the literacy levels as well as enrolment ratio in rural India.
Budget focus on primary teachers training, recruitment of 38000 teacher for Eklavya schools, opening of 157 nursing colleges along with existing medical colleges is appreciated as a step in right direction.
I specially welcome plan to convert DIETs (District Institutes of Education & Training) into vibrant institutes of excellence.
India now has more private universities than the state & central universities and therefore liberal grants should have been announced for private education providers in higher education sector.
Feb 01, 2023 04:06 PM IST
Budget 2023: Reaction by Mahindra University VC
Dr. Yajulu Medury, Vice Chancellor, Mahindra University said, "The budget provides a much-needed impetus towards empowering the education sector and youth towards helping them realize their true potential. The setting up of 100 5G enabled labs to develop apps in engineering institutions and 3 centers of excellence in Artificial Intelligence is a major step towards 'Make AI in India and Make AI Work for India' and helps in shaping the new engineer of today. The 30-skill India international centres across states will further promote interdisciplinary research for developing cutting-edge applications to transform critical sectors and provide solutions for sustainable cities. In order to bridge the skill gap in India, the budget is in line with Mahindra University's focus on integrating critical thinking and problem-solving through a dynamic and diverse curriculum.''
Feb 01, 2023 03:30 PM IST
Budget 2023: Announcement of new nursing colleges “welcome development”
Deepak Sharma, Co Founder and CEO, MedLern said, “The setting up of 157 nursing colleges and attached with the existing 157 medical colleges in the budget is definitely a welcome development. The announcement of training of teachers through innovative pedagogy, curriculum transaction, continuous professional development dipstick survey and iCT implementation is particularly important since this is perhaps the first time that a budget has spoken of upskilling teachers and the raising of the quality of teaching in general.”
“Under PM Kaushal Vikas Yojana, the coverage of new -age courses such as coding, AI, robotics, mechatronics, IOT, 3D printing, drones etc would definitely elevate the quality of human resources capacity in the country in sync with the demands of the latest and increasingly technology-driven economy.”
Feb 01, 2023 03:10 PM IST
Aman Mittal, Vice- President, LPU, said, “In today's announcement, Sitaraman ji has mentioned various new initiatives, especially setting up the artificial intelligence labs in the institution and opening of 100 labs on the 5G services across the country which is a primary necessity…The new initiative named “Kaushal Vikas Yojana 4.0” is going to not only provide the basic skills required by the youth of India, but also to the entire Industry.Adding on to the announcement regarding the online training platform, which is also another remarkable move as it will help train a number of youth in a unique and faster way.”
Feb 01, 2023 02:46 PM IST
Teachers react to buget 2023 announcements
Pooja Bose, Principal, Pacific world school said, “The 'National Digital Library for Children and Adolescents' to facilitate books and learning materials from all genres will assist students in coping with the learning loss caused by the pandemic, as per the ASER survey’s findings in 2022.”
“The government also stated that encouraging students to learn English and regional languages in partnership with non-governmental organisations will improve their understanding of culture and regional concepts. Simultaneously, its initiatives to ensure age-appropriate reading material will encourage people to resume studies that they abandoned due to societal factors," she added.
Feb 01, 2023 02:44 PM IST
Teachers react to buget 2023 announcements
“Setting up the ‘National Digital Library for Children & Adolescents’ to facilitate books and learning materials from different genres will help students cope with the learning loss they suffered during the pandemic. The government also announced that promoting the English language and regional languages in collaboration with NGOs will enhance the student’s knowledge of culture and regional concepts.”
“Promoting financial literacy from a younger age will also benefit students in the long run. Teachers would be now trained virtually for the ICT implementation that would help the overall development of institutes.”
“The government is also planning to employ 38,800 teachers in Eklavya Tribal Schools to serve more than 3.5 lakh students, which is commendable.”
Anshu Mital, Principal, MRG School, Rohini
Feb 01, 2023 02:22 PM IST
“The government’s enhanced focus on increasing education access in rural India in this year’s Union Budget is a welcome move and will have a positive impact on the country's literacy rate. It is also reassuring to see that teachers’ training has been given prominence; we look forward to witnessing its effective implementation in the year…What is also motivating is the announcement of the National Digital Library, which will encourage youth from diverse contexts to learn in a comprehensive manner….”
- RCM Reddy, MD & CEO, Schoolnet India & Learnet Skills
Feb 01, 2023 02:05 PM IST
Key Highlights of Education Budget 2023
Check key highlights of education budget 2023 here.
Feb 01, 2023 01:45 PM IST
School Education Budget 2023-24: Samagra Shiksha and PM POSHAN
For Samagra Shiksha, the centre has allocated ₹37,453.47 crore for the next financial year. Outlay of PM POSHAN is ₹11,600 crore.
Feb 01, 2023 01:12 PM IST
School Education budget 2023-24
School Education budget for 2023-24 is ₹68,804.85, which is ₹9,752.07 crore more than revised estimate of FY 2022-23.
Feb 01, 2023 01:09 PM IST
Higher education budget increases
Higher Education Budget for 2023-24 is ₹44,094.62 crore, a significant increase from ₹40828.35 in revised estimates of 2022-23.
Feb 01, 2023 01:07 PM IST
Budget 2023: ₹1,12,898.97 crore
The centre has allocated ₹1,12,898.97 crore to the Ministry of Education for the 2023-24 Financial Year.
Feb 01, 2023 12:20 PM IST
100 labs for developing apps using 5G services
100 labs for developing apps using 5G services will be set up in engineering institutions. These labs will cover among others, apps like Smart Classrooms, Precision Farming, Intelligent & Transports Systems: FM Nirmala Sitharaman.
Feb 01, 2023 12:06 PM IST
7 priorities of budget 2023
Budget 2023 adopts 7 priorities:
1 Inclusive development
2 Reaching last mile
3 Infrastructure & investment
4 unleashing potential
5 Green growth
6 Youth Power
7 Financial Sector: Finance Minister
Feb 01, 2023 12:03 PM IST
Budget 2023 announcement: 38,000 teachers for EMRS
As many as 38,000 teachers and support staff to be recruited in next 3 years, for 740 Eklavya Model Residential Schools serving 3.5 lakh tribal students, Nirmala Sitharaman announced.
Feb 01, 2023 11:54 AM IST
PMKVY 4.0, 30 skill India international centres
To empower youth and help them realise their dream…PMKVY 4.0 will be launched to skill lakhs of youths within the next 3 years, Sitharaman announced, adding 30 skill India international centres across states.
Feb 01, 2023 11:51 AM IST
Budget 2023 announcements: Non-curricular books in regional languages
Finance Minister Nirmala Sitharaman said that National Child Trust, Children's Book Trust and other sources to be encouraged to provide and replenish non curricular titles in regional languages and English, to these libraries; collaboration with NGOs working in literacy also to be done.
Feb 01, 2023 11:45 AM IST
Select ICMR labs to be opened for public: FM Sitharaman in Budget Speech
Facilities in select ICMR labs to be made available for research by public and private medical college faculty, private sector research teams for encouraging collaborative research and innovation: FM Nirmala Sitharaman.
Feb 01, 2023 11:39 AM IST
3 COEs for AI
Three centres of excellence in Artificial Intelligence will be set up in top educational institutions. Leading industry players will partner in conducting interdisciplinary research, develop cutting edge applications and salable problem solutions in the areas of health, agriculture and sustainable cities.
Feb 01, 2023 11:35 AM IST
157 new Nursing colleges
One hundred and fifty seven new Nursing colleges will be established in core areas, FM Sitharaman has announced.
Feb 01, 2023 11:32 AM IST
Budget 2023: Focus on agri startups
Agriculture Accelerator Fund to be set up to encourage agri startups by young entrepreneurs in rural areas, will bring innovative and affordable solutions for farmers' challenges, will also enhance profitability and bring modern tech: FM Nirmala Sitharaman in budget speech.
Feb 01, 2023 11:30 AM IST
Budget 2023: National Digital Library
A National Digital Library for children and adolescents will be set up for facilitating quality books across geographies, languages, genres and levels… states will be encouraged to set up libraries for them at panchayat and ward levels and provide infrastructure for accessing the National Digital Library resources: FM Sitharaman.
Feb 01, 2023 11:28 AM IST
Budget 2023: Teacher Training will be r-envisioned
Teacher training will be envisioned through innovative pedagogy, continuous professional development, curriculum transaction and ICT implementation. The district institutes of education and training will be developed into vibrant institutes of excellence for this purpose: FM Sitharaman.
Feb 01, 2023 11:17 AM IST
Budget 2023: Strong impetus to growth and job creation
“Economic agenda for our vision focuses on 1) facilitating opportunities for citizens, 2) providing strong impetus to growth and job creation and 3) strengthening macroeconomic stability".
– FM Sitharaman in her budget speech.
Feb 01, 2023 11:15 AM IST
Watch Budget 2023 speech live
FM Nirmala Sitharaman is now presenting Union Budget 2023.
Feb 01, 2023 11:14 AM IST
Budget 2023 speech
“G20 Presidency gives us a unique opportunity to strengthen our role in the world economic order, we are steering an ambitious people-centric agenda to address global challenges and facilitate sustainable economic development,” FM Sitharaman said in her budget speech.
Feb 01, 2023 11:03 AM IST
FM Sitharaman begins Budget speech
FM Nirmala Sitharaman begins her budget speech in the Parliament.
Feb 01, 2023 10:49 AM IST
FM Nirmala Sitharaman to present budget 2023 shortly
Finance Minister Nirmala Sitharaman will present the Union Budget 2023 at 11 am in the Parliament.
Feb 01, 2023 10:23 AM IST
Budget 2023 expectations: Stronger push for digitization, increase funding for R&D
“A stronger push for digitization, which will also benefit the Indian higher education system, is one of the government's priorities that we can anticipate in the upcoming Budget. An increased budgetary allocation for tech enhancement will support Indian HEIs' plans to raise their standards of excellence and become more competitive in a world that is becoming more digital and globalized," Dr. Dishan Kamdar, Vice-Chancellor, FLAME University, said.
“Increasing funding for R&D is another significant way that the government can support the higher education system. Supporting HEIs to invest in research will fundamentally alter the nation's higher education system. Our institutions must invest in creating a research-oriented ecosystem that enables them to compare their performance to international standards of excellence, and the government's attention to this issue will be a key enabler….” he added.
Feb 01, 2023 10:17 AM IST
Budget 2023: All eyes on allocation to Education Ministry
In 2022-23 FY, centre's allocation to Education Ministry crossed the ₹1 lakh crore mark (Overall, the Education department was allocated ₹1,04,277.72 crore) for the first time.
Feb 01, 2023 10:08 AM IST
Education budget 2023: Expect at least 3-3.5% allocation to Education
“In the Union Budget 2023-24, we expect a budgetary fillip to be provided to all areas within India's education sector. The Budget committed last year to the education sector was 2.6%. The expectation is that at least 3-3.5% of the budget will be allocated to be spent on education, if not 6%," Bharat Mathukumilli, President of GITAM, said.
"There is an urgent and important need to transform the education system. For example, modern tools like ChatGPT require institutions to have a strong technology infrastructure and skilled human resource teams that understand how to deal with this rapid change in technology. The government has the desire to increase the gross enrollment ratio (GER) in higher education to 50%. However, the institutions that are fueling this growth are largely private institutions. On the contrary, the support they get is very limited,” he said.
Feb 01, 2023 09:58 AM IST
Union Budget 2023: Access to digital infra, funding for schools to partner with EdTechs
“The recent chatter around ChatGPT has raised concerns about ethics, cheating and plagiarism. Today’s kids are ‘digital natives’ and we need to invest in how they access, process, and promulgate information they gain from digital spaces in a manner that is healthy and non-obstructive to their overall well-being,” Gautam Nimmagadda, Founder & CEO, Quixy said.
"While tax exemption of emerging EdTechs is a welcome move, academic partnerships with EdTech companies should not just be limited to universities. Schools in the K-12 sector should also get adequate funding and infrastructure to partner with emerging EdTech companies to train students and staff on digital literacy, sustainability, health and nutrition in an effort to truly make them ‘future-ready'," He added.
Feb 01, 2023 09:47 AM IST
Education Budget 2023: Allocation in 2022-23 FY
In the 2022-23 financial year, the centre allocated ₹1,04,277.72 crore to the Education Ministry. This include ₹63,449.37 crore to the Depertment of School Education and Literacy and ₹40,828.35 crore to the Depertment of Higher Education. Revised estimates will be mentioned in the 2023-24 budget.
Feb 01, 2023 09:37 AM IST
Budget 2023 expectations: Need to strengthen the skilling infra
“Technologies like artificial intelligence (AI), machine learning (ML), internet of things (IoT), cybersecurity, data science and cloud-based technologies are rapidly growing. Their adoption by critical industries such as financial services, telecommunications, healthcare, manufacturing, e-commerce etc. is driving demand for talent skilled in relevant technologies. Hence, it is the need of the hour to strengthen the skilling infrastructure to keep up with the labour market….”
-Subramanyam Reddy, Founder and CEO – KnowledgeHut upGrad
Feb 01, 2023 09:34 AM IST
Budget 2023 expectations: Scheme to support teachers
Dr Sandeep S Shenoy, Director Compliance & HOD Commerce, MAHE Manipal says, “There is a dire need for specific schemes to support teachers at the primary, secondary, and higher education level both from Government and Non-Government organisations…A Guru Suraksha Yojana may be initiated to support teachers, on the lines of Shiksha Suraksha Yojana, which is intended for the students, to channelise their intellectual capabilities towards alternative means of delivering knowledge to the learners in formal or informal channels of education.”
Feb 01, 2023 09:24 AM IST
Budget 2023 full coverage by Hindustan Times
For full coverage of Union budget 2023 by Hindsutan Times, click here.
Feb 01, 2023 09:23 AM IST
Budget 2023: Where to watch Nirmala Sitharaman's speech
Watch FM Sitharaman's budget speech here.
Feb 01, 2023 09:22 AM IST
Union Budget 2023
Finance Minister Nirmala Sitharaman is set to present the union budget for 2023-24 financial year today, February 1, at 11 am.